Month: July 2023

The Death of a Discord Server

Decentralized alternatives to Discord exist certainly exist, but as with all things online and interconnected, community building is secretly a way of taking advantage of network effects, and Discord is the most connected even if it isn’t designed for that purpose, meaning most users can join the community with the least amount of friction. Software, even crypto, lives or dies by building a community of active users. Source

Indonesia to launch crypto exchange in July: Report

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The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks. Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news agency Tempo reported on July 14. Bappebti head Didid Noordiatmoko reportedly said all cryptocurrency transactions will be only allowed to take plac using the upcoming national exchange. “Yesterday we agreed on the stock exchange rules,” the official said, adding…

XRP tops Bitcoin on Upbit with $2.6B of trading volume in 24 hours

Trading volume of XRP (XRP) tokens on the South Korean crypto exchange Upbit has surpassed Bitcoin (BTC) in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours following Ripple’s partial win against the United States Securities and Exchange Commission (SEC) in its long-running court battle. The XRP buying frenzy saw the token account for 46% of all trading volume on Upbit, followed by Bitcoin with just 5% of the total share. XRP led the bullish momentum in the crypto market…

XRP tops Bitcoin on Upbit with $2.6B in trading volume in 24 hours

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The trading volume of XRP tokens on the South Korean crypto exchange Upbit has surpassed that of Bitcoin (BTC) in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours owing to Ripple’s partial win against the United States Securities and Exchange (SEC) Commission in its long-drawn court battle. The buying frenzy for XRP saw the token account for 46% of all trading volume on Upbit followed by Bitcoin with just 5% of the total share. XRP token led the bullish…

Monochrome revises spot bitcoin ETF application in Australia

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Australian-based asset management firm Monochrome is making another push for a licensed spot bitcoin ETF, joining a wave of US filings. Australian crypto investment firm Monochrome Asset Management has submitted an updated application to launch a spot bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) in collaboration with Vasco Trustees. The proposed Monochrome Bitcoin ETF (IBTC) would provide retail Australian investors with direct exposure to bitcoin (BTC) and ethereum (ETH), as announced on July…

HIVE Blockchain rebrands to reflect its AI and web3 push

HIVE Blockchain, a publicly traded bitcoin mining firm, switched to AI and cloud computing. HIVE is also launching its GPU rental and cloud computing service. AI boom continues to gain momentum. Many sectors of the global economy and even governments are integrating it into their processes. HIVE Blockchain, a Canada-based publicly listed bitcoin (BTC) mining firm, is repositioning itself to take advantage of the rapidly evolving technology. According to a July 12 blog post, HIVE Blockchain has changed its name to HIVE Digital Technologies Ltd. to reflect its expansion push…

Can XRP price hit $1? Watch these levels next

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The price of XRP (XRP) has skyrocketed in the aftermath of a federal court ruling saying that its sales on crypto exchanges complied with U.S. securities laws. On July 14, XRP price retreated by about 10% to $0.76, but compared to its lowest price the previous day, it was still up around 65%. Related: Why is XRP price up today? At its highest in the last 24 hours, the XRP/USD pairreached $0.93, its best level since December 2021, just shy of hitting the $1 mark. XRP/USD daily price chart. Source:…

Multichain stops operations over lack of funds

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Cross-chain router protocol Multichain has announced that it is “forced to cease operations” because of the lack of operational funds. The announcement follows a report from blockchain analytics firm Chainalysis saying that withdrawals appear to be a “rug pull” by insiders.  On July 14, Multichain’s official Twitter account announced that it will be finally halting its operations. The team said that a “lack of alternative sources of information and corresponding operational funds” has forced them to shut down their business activities. 1. On May 21, 2023, Multichain CEO Zhaojun was…